SOURCE: MK Automotive, Inc.

MK Automotive, Inc.

February 08, 2011 09:30 ET

MK Automotive Repair Shops and Mike's Master Mechanics Locations to Offer Customer Financing Plan

LAS VEGAS, NV--(Marketwire - February 8, 2011) - MK Automotive, Inc. (OTCBB: MKAU) (OTCQB: MKAU) announced today that, in order to address the growing issue of car owners not being able to afford major automotive repairs, it will offer financing plans to customers of its company-owned AutoTech and franchised Mike's Master Mechanics automotive maintenance and repair stores.

Mike Murphy, CEO of MK Automotive, noted, "There are more vehicles on the road and consumers are keeping their vehicles longer which means more repairs and sometimes much more expensive repairs. Given the current economy, many people cannot afford to pay for $1,000 plus repair jobs all at one time. Every day, we have customers who delay needed repairs because of financial limitations. We believe offering financing is a valuable service for our customers and also should generate additional business for our franchisees. Customers who would have turned down the job in its entirety and customers who otherwise would have delayed part of the necessary repairs now can benefit from doing the job immediately before things get worse with their vehicle. Offering financing also may attract new customers."

MK decided to offer their own financing program after receiving proposals from several third party providers that the company deemed unacceptable to offer its customers. The company believes the terms MK will provide its customers are competitive with, and in many cases superior to what might be available elsewhere.

Founded in 2002 with headquarters in Las Vegas, the Company recently launched its national expansion plans by franchising under the name of Mike's Master MechanicsMK Automotive's mission is to do it differently, do it better, and be 'A Mechanic You Can Trust.' Competence and integrity are at the heart of all the Company's operations. MK Automotive employs independently-certified professional technicians, and strives to operate as social capitalists, treating everyone fairly and nicely: customers, suppliers, employees, franchisees, shareholders, everyone. It is the Company's firm belief that long term shareholder value is built on a combination of superior service and a strong ethical center.

For more information about MK Automotive, Inc.: www.mkautomotive.com. For information about becoming a Mike's Master Mechanics franchisee, go to http://mikesmastermechanics.com or email richard@mkautomotive.com.

Forward Looking Statement:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may and likely will differ materially from this forward-looking information. These and other risks are discussed in the Company's various public filings; and, the reader is directed to these statements for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements.

Contact Information

  • Investor Relations Contact:

    Jack Eversull
    The Eversull Group, Inc.
    972-571-1624
    214-469-2361 (fax)
    Email Contact